Ukrainian govt approves bill to strengthen energy companies' responsibility for energy security
The Ukrainian Cabinet of Ministers has approved a draft law developed by the Ministry of Energy aimed at enhancing responsibility among electricity market participants for ensuring energy supply security.
"The bill strengthens the obligations of market players to adhere to equipment maintenance and modernization schedules, build up adequate fuel reserves, and carry out other necessary preparations," the Ministry of Energy said last week.
The draft law also provides for increased oversight of the transmission and distribution system operators – namely Ukrenergo and regional power utilities – particularly in the context of emergency electricity consumption restrictions.
According to Taras Melnychuk, the Cabinet's representative in the Verkhovna Rada, the legislation will also harmonize existing electricity market regulations by clarifying the powers of government agencies and introducing new requirements for state oversight in the electricity sector.
Advertising
Advertising
MORE ABOUT
DTEK Energy plans annual eurobond buybacks of up to $100 mln, seeks changes to bond terms
10:56, 13.05.2025
Any attempt to restart Zaporizhia NPP should be regarded as act of nuclear terrorism – Ukrainian official at INRA meeting
13:03, 06.05.2025
Govt directs 30% of Naftogaz's profit for 2024, 50% of Ukrhydroenergo and 75% of GTSOU to state budget as dividends
19:24, 01.05.2025
Luxembourg allocates EUR10 mln to support Ukraine's energy resilience
10:03, 01.05.2025
Russian winter attacks destroy nearly half of Ukraine's gas production – Ukrainian PM
14:59, 29.04.2025
LATEST
EBRD revises Ukraine 2025 growth forecast down to 3.3% from 3.5%
10:28, 13.05.2025
Quarter of job offers on Ukrainian labor market offered by processing industry – survey
21:04, 12.05.2025
Arricano continues restoration work on cultural heritage sites in Lukianivka
20:42, 12.05.2025
Loss from fraudulent card transactions in 2024 increases by 37% while their number decreases by 1% – NBU
20:22, 12.05.2025
Interpipe gathers reprs of 26 client companies on Lake Garda in Italy to strengthen relations